Find Real Estate Agents and Homes for Sale

Real Estate News --> New Mexico News

Jury deliberates in New Mexico corruption trial

SANTA FE, N.M. (AP) - A jury in New Mexico is weighing whether to convict a former state ... Griego earned a $50,000 commission on the sale as a real estate agent for the owners of a luxury inn. Griego says he broke no laws. Testifying in court, he ...

Archived Story

No country for the squeamish of any ageSuzanne Fields‘Gathering together to ask the Lord’s blessing’Cal ThomasCan Trump-haters be thankful for him?View all Locate anyone instantly, Americans addicted to new search tool.Question of the DayWill Congress pass the tax bill before Christmas?Question of the Day  Yes  No  Not sure   View resultsStory TOpicsPoliticsLaw_CrimePhil GriegoFormer New Mexico state SenPhil Griego testifies at his own trial on corruption charges on Tuesday, Nov14, 2017, in Santa Fe, N.MGriego, a Democrat, is accused of using his former position as a lawmaker to profit from ..more > var _informq = _informq || []; _informq.push(['hook', 'Inform-Washington-Times-Player-1/videoLoad', function(event) { }]); Print By MORGAN LEE - Associated Press - Thursday, November 16, 2017 SANTA FE, N.M(AP) - A former New Mexico state senator was convicted Thursday of fraud, bribery and felony ethical violations in a corruption trial over accusations he used his position as a lawmaker to profit from the sale of a state-owned building.Prosecutors accused Phil Griego of using his elected position and acumen as a real estate broker to guide the sale of the building in downtown Santa Fe through approvals by a state agency, the Legislature and a public buildings commission without properly disclosing his financial interest.Griego, 69, resigned from the Legislature in 2015 at the close of a Senate ethics investigation.He said he did nothing wrong in earning a $50,000 commission from buyers of the property.Defense attorneys emphasized that many high-ranking state government officials backed the transaction - some with knowledge of Griego’s involvement.Several lawmakers testified that they were left in the dark or mislead by Griego on the matter.Jurors found Griego, a Democrat, guilty of bribery, fraud against the state, unlawful interest in a public contract and two counts of violating ethical principles of public service.He was acquitted of three charges - defrauding a business partner, perjury and violating the state’s financial disclosure act.The guilty verdicts carry a possible sentence of up to 17½ yearsSentencing is expected with 90 days.Prosecutors said Griego helped spread misinformation in the Legislature to encourage the building’s sale by asserting that maintenance costs outweighed rental income, when lease documents assigned the cost of maintenance to those renting the property.Griego acknowledged persuading a House colleague to introduce legislation authorizing the property sale without mentioning communications with the prospective buyerProsecutors said that and other legislative maneuvers served to disguise Griego’s involvement.The building in question was located outside the rural Senate district that Griego represented for 18 years in the nation’s only unsalaried legislature.State Attorney General Hector Balderas, a Democrat who Griego referred to in court testimony as “a friend,” assigned a team of four prosecutors to the case.“Public officials are elected to do the work of the people, not to enrich themselves,” Balderas said in a statement Thursday.Griego’s case is the latest in a string of high-profile corruption scandals involving public officials in New Mexico.Republican Dianna Duran resigned as secretary of state in 2015 amid revelations she used campaign funds to fuel a gambling addictionThat led to her conviction on felony counts of embezzlement and money laundering.In a separate case, Griego has been charged by a grand jury with multiple counts of perjury and embezzlement related to campaign finance reports that prosecutors say were falsified.Griego’s wife wept briefly in court as the verdict was readThe defendant was released against the advice of prosecutors, with a warning by state district Judge Brett Loveless that he should not repeat the mistake of talking to witnesses as he did this month during trial. LOAD COMMENTS () HIDE COMMENTSCopyri

Trending New Mexico News:

  • Redfin Ranks the Top 10 Cities for Walkable Newly Constructed Homes
  • Albuquerque real estate market performing well
  • How The Federal Government Abused Its Power To Seize Property For A Border Fence
  • Immersion art startup Meow Wolf picks Denver to expand
  • Science fair kids strut their stuff at NAIOP
  • Updated: NAIOP-New Mexico reveals its top commercial projects of 2016 (slideshow)
  • Land commissioner backs purchase of BLM sites to benefit education
  • Tish Hinojosa: Help me Build a ‘Home For The Arts’
  • El Paso group sues Las Cruces medical school founder
  • New Mexico Area Housing Market Dismal
  • Argus Broker Affiliate Sells New Mexico Self Storage Portfolio
  • Albuquerque Existing Home Sales Dipped in September
  • REAL ESTATE: The Riley Report
  • Lawmakers urged to resolve property tax inequities
  • New Mexico real estate agents must offer more service
  • Senate yanks real estate bill; lawmaker says pay-to-play maneuver exposed
  • How new bank rule could impact commercial real estate in ABQ
  • Here's Why DE Shaw Should Be Really Embarrassed About Its New Mexico Real Estate Debacle
  • 10-story missile silo for sale outside of Roswell
  • Argus Broker Affiliates Close 21-Property Self Storage Transaction